Real Blue acquires integrated residential and nursing home for its specialized alternative investment fund (AIF) Real Blue Senior Living

© Real Blue Kapitalverwaltungs-GmbH

In a forward deal, Real Blue Kapitalverwaltungs-GmbH, the asset management company of the Drees & Sommer Group, has acquired an integrated residential and nursing home in the Ebingen district of Albstadt, Germany, for its open-ended specialized AIF Real Blue Senior Living. Seller of the property is a project company of Stuttgart-based KIAG Group.

In total around 5,000 square meters of residential space and service areas is being built. The buildings are being constructed in line with the German development bank KfW’s energy efficiency standard 55 EE. Construction work has already begun, and the buildings are expected to be completed in the third quarter of 2023. The buildings will have a forward-looking, environmentally-friendly heat supply that uses wood pellet boilers and peak load condensing gas boilers. A photovoltaic system is being installed on the roof, primarily for the operator’s own use. When completed, the buildings, which are designed with accessibility in mind, will have a total of 45 in-patient places, 20 day-care places, 7 retirement apartments and 16 assisted living units.

The transaction is the first seed investment in an acquisition pipeline for the recently launched open-ended specialized institutional investment fund Real Blue Senior Living. Further purchases will follow. The investment fund has already received capital commitments in the three-digit million euro range from institutional investors and pursues an investment strategy that complies with Article 8 of the EU Sustainable Finance Disclosure Regulation.

‘The innovative overall concept of the project is exactly in line with the ecological as well as the social requirements of the Real Blue Senior Living fund’s investment strategy,’ explained Michael Eisenmann, investment fund manager in charge of the specialized AIF and Managing Director of the Real Blue asset management company.

You can find more information in our press release.